Document background
A Typical Consignment Agreement is essential when businesses want to sell goods through third parties without transferring ownership. This agreement, governed by English and Welsh law, establishes the framework for consignment relationships, defining how goods will be handled, displayed, sold, and accounted for. It protects both parties by clearly outlining responsibilities, commission structures, and risk allocation. The document is particularly relevant in retail, art, and industrial sectors where inventory management and sales agency relationships are common. It includes provisions for payment terms, reporting requirements, and termination conditions, ensuring compliance with relevant UK legislation including the Sale of Goods Act 1979 and agency law principles.
